Question: Our company is a wholly foreign-owned enterprise and is currently planning to cooperate with a Vietnamese company to jointly invest in and operate a nursing home providing elderly care services. May I ask whether the current laws of Vietnam allow foreign companies to participate in this field? Answer: According to Appendix I on the […]
Question: We are currently providing vehicle rental services (including drivers) on a monthly fee basis to serve clients across various provinces in Vietnam. At present, one of our clients plans to relocate a vehicle from Province A to Province B (with an approximate distance of 170 km between the two workplaces). However, due to personal […]
Question: Currently, the General Director and the Chief Financial Officer of our company (both of whom are foreigners) have been issued a confirmation that they are not subject to work permit requirements under the category of intra-company transferees, valid from May 15, 2025 to April 24, 2027. In this case, is our company permitted to […]
Dear Company, I would like to inquire: For our company that is preparing to produce and trade food products, what steps do we need to take to apply for Certificates of Food safety eligibility? Answer 1. Entities required to obtain the Certificate of Food safety eligibility: Food production and trading establishments must obtain a Certificate […]
(a) Export processing enterprise means an enterprise that is established and operates in an export processing zone or exports all its products and operates in
SB Law was requested to assist foreign company (Hereinafter referred to as “Client”) to provide legal advice on company acquisition in Vietnam. 1.OUR PROPOSED SCOPE
The Vietnamese dong is not freely convertible and the market is still largely dependent on foreign currency, particularly United States dollars. The Government has been
Generally, all foreign investors with established presences in Vietnam will need to open a bank account in order to conduct their business in Vietnam. Foreign
Upon Vietnam’s accession to the WTO in 2007, the services market in Vietnam has been liberalised in certain areas, including the trading of goods. Under
Vietnam has attracted many multinational corporations, including those that seek ways to diversify their operations away from China in their ‘China plus One’ manufacturing strategies.
Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’). If a company strictly follows the VAS, registration with the Ministry of
The withholding taxes in the table on page 10 may be affected by relevant DTAs. For example, the deemed CIT on foreign contractors may be
Foreign investors may sign BOT, BT and BTO contracts with a competent State body to implement infrastructure construction projects in Vietnam. Typically, the contracts are for projects